Alatau City Invest to buy back nearly 1.9 million own shares from sole shareholder

The board of directors of Alatau City Invest JSC approved a decision to repurchase 1,864,863 outstanding common shares at a price of 2,144.93 tenge per share from the company's sole shareholder. The company's stock trades on the Kazakhstan Stock Exchange under the ticker FHJI. Buyback deals like this are typically carried out to optimize capital structure or as part of corporate restructuring, and can affect the volume of shares in free float. For minority investors, if any exist, it's worth watching how such decisions affect book value and stock liquidity going forward. The market will be waiting for further clarification from the company regarding the purpose of the buyback and its impact on future corporate strategy.